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"  Thanks to a new \u00A382.5 million loan scheme launched by the government and The Forum of Private Business this week, young entrepreneurs will have the chance to turn their business ideas into a success. The scheme encourages school leavers and graduates to make the most of their business skills in a bid to beat unemployment rates. HOW TO START YOUR OWN BUSINESS The scheme offers start-up loans of up to \u00A32,500 to credible business plans presented by 18-24 year olds. Those that businesses fail, will not have to pay anything back, but successful applicants are required to repay their loan within a maximum of five years in order for the money to be recycled on further schemes. With unemployment rates at a record high for those between the ages of 18-24, the government hopes the start-up loan scheme will inspire youngsters and help decrease unemployment rates. WANT A PAYRISE? HERE&amp;#039;S HOW! Along with offering financial support, the scheme also offers great advice from some of the best business advisors. The Prince&amp;#039;s Trust has already signed up to help out aspiring young business minds, along with a helping hand from former Dragon&amp;#039;s Den judge, James Caan. &amp;quot;We think this new Government initiative is a fantastic opportunity to get the young Richard Branson&amp;#039;s of the UK to have a go,&amp;quot; says The Forum&amp;#039;s Chief Executive, Phil Orford. &amp;quot;This is why we are absolutely behind this project and are adding weight to it. Our guide provides step-by-step guidance.&amp;quot; CELEBRITIES WHO BEAT FAILURE The Prime Minister himself, David Cameron has also given the start-up loan scheme a personal stamp of approval as he thinks entrepreneurship is the key to the UK&amp;#039;s economic recovery. HOW TO MAKE MONEY FROM YOUTUBE &amp;quot;I want this year to be the year where people can think &amp;#039;Yes, I can do it&amp;#039;,&amp;quot; says David Cameron. &amp;quot;We can get as many viable businesses as possible off the ground, that people can have a go, and that we see a whole new wave of entrepreneurs whostart small but think big.&amp;quot; HOW FAR WOULD YOU GO TO GET YOUR DREAM JOB? With the scheme launching this week, we hope this gives young business moguls the courage they need to put their plan in motion! What do you think of the new scheme? Let us know in the comment box below. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.cosmopolitan.co.uk/worklife/campus/a16247/government-scheme-helps-young-entrepreneurs-business-ideas/>